-We can buy everything (almost) off the Internet
-Every industry (and country) will need to evolve with Digitisation.
-End to end processes from Logistics, Finance, Healthcare, Education to Manufacturing etc, will be embedded in the cloud

We need to configure her daily allowance and she just need to spend
(so good right!)

Snacks or colour pencils or skip lunch again?

Parents would know how their kids are spending their allowance in school. I would even know if my child skipped lunch to play soccer!
(maybe there would be more Steps)

The maximum allowance is $100, but I am not going to tempt her 🙂
What I like about the app is we can adjust the allowance and it will be effective immediately (these changes are transparent to the child).

We brought her to Popular Bookstore. Boon Xin just needed to pick up her favourite stationery and tap her POSB Smart Buddy watch.

Her first cashless transaction, so Easy.

Boon Xin would be excited to share her steps and distance travelled everyday. She was curious about adults’ HPB Steps Challenge, and she can now join us and clock her own steps.

Hooray to a healthier lifestyle !

As Boon Xin’s school is not yet on POSB Smart Buddy programme, any unused allowance will automatically go into her Savings.

She can also plan her own savings Goal or buy digital Smiley stamps. We encourage her to setup another Goal for her favourite Roller Blades.

How many $1 must she save before she can buy a pair or Roller Blades?

We cannot over emphasised the importance of Financial literacy.

Need more tips and FAQ? You can either go Online or use the user-manual in your POSB Smart Buddy app.

We heard more features will be released in the future. Example tracking of kids in school and school bus. This would definitely give parents a layer of assurance, knowing that our kids are in a safe familiar environment.

POSB can also work with schools to add credits for needy students (Financial Assistance Scheme), no more vouchers.